Employer Based/Executive Carve Outs
Employer based long-term care insurance is a way to provide a discount to the insured and tax savings to the employer. Today's policies are fully underwritten and portable so that the employee can take the coverage with them if they should leave their employment.
Executive carve out long-term care insurance planning can augment the benefits an employer typically provides by offering this valuable coverage to attract, reward and retain high caliber employees. There are also many potential tax benefits an incentives to both the employer and employee by utilizing an executive care out plan in the workplace.